Don't Buy The Hype There are a lot of misconceptions about Social Security. Here’s the truth about three of them. Share | Have A Question About This Topic? Name Email Address Question Thank you! Oops! Related Contents Tuning Your Social Security Benefit When should you take your Social Security benefit? IRA Withdrawals that Escape the 10% Tax Penalty The list of IRA withdrawals that may be taken without incurring a 10% early penalty has grown. Retirement Plan Distributions There are a number of ways to withdraw money from a qualified retirement plan.